Slide 1: Raising the Bar – Platosa Bonanza Silver
R i i Raising the th Bar B Platosa Bonanza Silver June 2007
Slide 2: The Fine Print
The Fine Print This presentation may contain “forward-looking statements” which reflect the Company’s current expectations regarding the future results of operations future anticipated exploration results, operations, results the proposed construction of a mill facility, performance and achievements
Slide 3: A Different Kind of Exploration Company
A Different Kind of Exploration Company Mexico’s highest grade silver producer Test-mine Test mine in production production, profitable and cash flow positive Own large, large 149 sqsq. km property package on prolific silver district in Mexico Onlyy 10% fullyy explored p Aggressive $6M exploration p
Slide 4: Mexico: A Great Place to Work
Mexico: A Great Place to Work All infrastructure in place p NAFTA partner Political stability Democracy PLATOSA Near major j mining g centre MEXICO CITY Favourable legal, taxation environment
Slide 5: Strong, Independent Board of Directors
Strong, Independent Board of Directors Richard W. Brissenden, CEO, chartered accountant, over 25 years experience in the mining and exploration sector. Peter Crossgrove Crossgrove, Chairman, Chairman member of the Order of Canada, Canada director of Barrick Gold for the past 12 years, founder and ch
Slide 6: Experienced Management
Experienced Management RICHARD W. BRISSENDEN, President and CEO G. ROSS MACFARLANE, Executive vice-president, operations, and COO ROBERT C. BRISSENDEN, Vice-president and CFO JOHN SULLIVAN, SULLIVAN Vice-president, Vi id t exploration l ti ALFREDO FLORES MEDINA, General Manager LAWRENCE W. W TALBOT,
Slide 7: Capitalization
Capitalization Actual Proceeds Common shares outstanding 146,113,657 Options 13,225,000 $ 5,149,550 Fully Diluted 159,338,657 $ 5,149,550
Slide 8: Silver Debenture
Silver Debenture Raised U.S. $9.9 million (1.8 million ounces at U.S. $5.50 per ounce); eliminated significant dilution Repayable by up to 1.8 million ounces of silver at maturity As silver is produced, 50% is delivered to sinking fund At maturity, debenture holder receives pro rata share of silver
Slide 9: Platosa Infrastructure
EXCELLON RESOURCES INC. ‘RAISING THE BAR TSX.V: EXN
Slide 10: Infrastructure
4 SXN Infrastructure EXCELLON RESOURCES INC. “NINAICA MILL. _ (300 km), RAISING THE BAR TSX.V: EXN-
Slide 11: Platosa Operations
4 SXN Platosa Operation — ~ ; J rnb : —~ ar eS aoa eae — ~ sr BF * 7 EXCELLON RESOURCES INC. RAISING THE BAR TSX.V: EXN |
Slide 12: Naica-bound Truck
Naica-bound Truck EXCELLON RESOURCES INC.
Slide 13: Financial Highlights
Financial Highlights Six Months Ended January 31, 2007 (actual) Net income $ 7,845,000 Income per share $ 0.054 Cash on hand $ 13,806,000 Working Capital $ 4,572,000 Financial Summary (CDN $ 000’s): N R Net Revenue 20 687 20,687 Cash costs 5,603 Operating Cash Flow 15,084 I Income Taxes T - currentt
Slide 14: Production Highlights
Production Highlights Year Ended Six Months Ended Year Ended Year Ended July 31, 2006 January 31, 2007 July 31, 2007 July 31, 2008 (actual) (actual) (forecast) (forecast) Production Rate (tonnes) 44,400 20,100 47,300 66,000 Production: Silver ((ozs)) 1,712,000 , , 1,485,000 , , 2,500,000 , , 3,300,0
Slide 15: Successful Exploration Record
Successful Exploration Record September 2002 June 2006 October 2006 GUADALUPE GUADALUPE MANTO MANTO N1 MANTO N1 MANTO MANTO 6B MANTO 6B MANTO 6B MANTO 6A MANTO 6A MANTO 6A MANTO 4C MANTO 4C GUADALUPE MANTO 4C GUADALUPE MANTO 4B MANTO 5A MANTO 4B MANTO 5A SOUTH MANTO MANTO 4B MANTO 5A SOUTH MANTO MAN
Slide 16: Exploration for Mineralized System Centre
Exploration for Mineralized System Centre
Slide 17: Comparison with related carbonate replacement deposits
Platosa Comparison with related carbonate b t replacement l t deposits d it (CRDs) indicates larger larger-scale scale mineralization lies nearby in system
Slide 18: In A Good Neighbourhood
In A Good Neighbourhood Major CRDs CRDs 1 Bismark: 15 MT+ 2 1 3 San Pedro Corralitos: 5 MT + 3 5 Santa Eulalia: 50 MT 4 5 6 8 Si Sierra Almoloya: Al l 1 MT+ MT 7 8 10 Velardena: 18 MT 2 Cananea: 10 MT+ CRD 9 10 12 Conception del Oro: 45 MT++ 11 12 4 Ri Ti Rio Tinto-Terrazas: T 60 MT MT+ 13 13 C t Ca
Slide 19: District Targets
District Targets Canon Colorado Crestoncitos Zorra
Slide 20: An Extensive Property Package
An Extensive Property Package
Slide 21: Exploration Upside
Exploration Upside Geology indicates we are in 240,000 180,000 distal portion of larger system 120 000 120,000 60,000 $6 million annual exploration 0 budget 2004 2006 NI 43-101 Mineral Known mineralization expanded Resource Estimates since September 2006 NI 43-101 report 50 40 30 ? MT 20 10 0 Oj l O
Slide 22: Summary: Excellon is poised for Growth
Summary: Excellon is poised for Growth 100% of silver production for Excellon (vs. (vs 50% currently) – After repayment of debenture Excellon New 350 tpd mill Æ increase production and returns Growth Discovery of world-class deposit – 5-50M tonnes potential